Major central banks around the world are indicating an increasing need to ease policy as trade tensions accelerate a global growth slowdown, adding upward pressure to the U.S. dollar and another headwind to corporate earnings in the coming quarters.
Global stocks were mixed in early Tuesday trading, with investors eyeing a key round of trade talks between the U.S. and China later today in Washington for any clues as to whether the two sides can reach an agreement in the final two weeks before a self-imposed deadline wold trigger fresh tariffs between the world's two biggest economies.
HSBC shares traded near the bottom of the London market Tuesday after Europe's biggest bank posted a small-than-expected 2018 profit and cautioned on a slowdown in key markets in Britain and China.
Here's why you shouldn't be too impressed with the banks earnings.
Market players are still looking to put capital to work and are focusing more on sectors and individual stocks than straight index plays.
If we keep getting these positive sound bites on trade discussions, investors who are out of this market could be forced to go back in and the S&P 500 may touch 2900.
A shortened week still brings key economic numbers and earnings results.